SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Tech Stock Options

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Nemer who wrote (29817)12/1/1997 5:32:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) of 58727
 
Nemer

Since I am the only one that isnt getting this perhaps you can explain it to me...

Let see if I can make this simple

In your post you talk about a number of supports and resistances..

lets say you get

410, 420 , 430, 440, 450, 460, 470 all as resistance.

okay..440-470 never come into play because they are so far out of the market....I understand that concept.
Your explanation is that Kevin doesnt list these points because the market is far below them and they dont come into play.

That is not what I am seeing in his points. I see that in his EXPLANATION but that isnt the question I am asking and that is what frustrated me...to say it is 20 points out would be saying the same thing as what you are saying...

Okay, I do my calculation and my machine gives me spx at 950 as the first resistnance and 1000 as an upper resistance. That is the equivalent of what you are saying....1000 is never listed because it is so far out of the market...

Do you follow me so far....

I am seeing a set of numbers that are overlayed....by different calculations

the analogy you used it a set of numbers in a string WITH THE SAME CALCULATION and that is not what kevin did with these numbers

AND THAT IS WHAT I AM TRYING TO UNDERSTAND.
today, the points just happened to be around the second resistance..making it look like more of a range.

The problem that I have had in understanding this is that kevin has never posted these numbers like this before...thus making it look more like a buffer to me....so I started out this questioning with the idea of is this the buffer?

I have seen in the past two weeks when we have opened very close to the second resistance and kevin has not posted these numbers...

My point I am trying to figure out is how valid is the second set of numbers....are they only valid IF they are a couple of points within the second resistance as an example....

To check the validity of the numbers you need to see them posted.

#1 are they valid only if they are within a few points of a support resistance number?

#2...what if one calculation of formulas which kevin has published is 965 and the second calculation is 975 with the different formula for the same equivalent...do we have a 10 point range? why is it valid one time (if it is close) and not the next ... doesnt that question the validity of the formula

THESE ARE THE THINGS I AM TRYING TO UNDERSTAND

THE WAY I AM READING IS...
********TWO DIFFERENT FORMULAS OVERLAYING EACH OTHER******...so when should they overlay?

this is different that saying...20 points out on a string of numbers...like you were indicating and as Kevin was using as his explanation.

If I understood this better i could ask the question better.

Maybe you can understand what I am asking and put it a different way or explain to me what I am missing?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext